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that have been completed? paul, front end, are you satisfied with what happened in the front end? before i get to the back end, front end, november, where are you on this? >> they are way behind etch their own estimates. only 100,000 people signed up to this point. they estimated 800,000 people by the end of the month. their success rate, 80% of people can logon. that's a terrible rate. any online merchanter will tell you that 20% is a terrible failure rate. the administration is setting up its own deadlines and saying, we passed them. but a very poor situation -- >> did they get a grace period on this -- in other words, did they win something back -- i don't want to be so totally 100% critical even though i think it's ludicrous. but do they get a grace period on this? >> at the end of the day, it's what happens when you logon. if significant numbers of people are having problems, they've bought the media a grace period. >> this whole business about the 834 connection in the exchange, tell us about that. this is the back end. you can enroll on the front end. if there's no payment, there's
fun. and we also have paul lee, a partner with venture capital firm lights bank, the firm has invested in more than 50 start-ups raising over $1.5 billion and creating more than $10 billion in equity value. so guys, great to have you on the show. let's huddle up on scoot networks. paul, what do you think about this? >> i think it's an interesting opportunity in terms of the integration with the smart phone with transportation. obviously what we hear is doing very well and there is a precedent of building large businesses out of this type of opportunity, but, you know, i have my concerns. >> what about you, jeff? how do you feel about sco scoot networks? >> i think there are a lot of questions about how easy others could copy this model as they look to scale into other cities and really interested in diving into the barriers to entry. >> for me, it's affordable and fund and environmentally friendly. the one thing that makes it accessible not needing to have a license kind of worries me from the insurance perspective. imagine all these tourists who have no experience jumping on, driving
real leadership and deals are done. paul ryan and patty murray are grown-ups. they don't agree on everything. they're not out finger points or blaming. they're trying to do something constructive. i think the president ought to watch this. if you get -- no, it's not big in that way, if they get something and we can get passed funding the government debt ceiling without the democrats shooting themselves in the foot -- >> that's the best victory. >> i was told the sequester and the budget caps were going to destroy the economy. remember that? >> they closed -- >> and the cbo told us it was going to destroy the economy. where are we now? after a year of the sequester, 11 months the unemployment rate has come down from close to 8% to 7%. now, the economy is performing as sub par. it ought to be growing twice as fast, but it's growing. and i think smaller government gives the private sector openings to grow. let's them breathe. >> the economy didn't collapse in the shutdown. >> all the keynesians predicted gloom and doom and nothing happened. >> and the sequester only amounted to 3
. >> can you explain to me, paul, why does it in and of itself a higher wage mean greater efficiency. in and of itself, why does one equal the other? >> so the well recognized efficiency gaines from higher wages are reduced employee turnover recruitment and retention costs. it's actually surprisingly expensive to replace even a $9 an hour worker. it can cost $2,000, $3,000 a higher. if you are turning to your workforce with it being replaced each year, those are major costs. the high road chains that pay higher wages have much lower costs and they also find -- see that they enjoy the higher curb -- payroll dollar sales and profitability than companies like mcdonald's and walmart. >> paul, thanks for that. a quick reaction from you. look, we know that corporates have taken the greatest share of income out of the economy, right, at the expense of workers. but how much can we take on wages before we get the inflation problem that we've been worrying about? >> well, and to me, that's what i hear sort of the macro story from that around the individual issues is that if you start to get th
. get in touch with us. e-mail us worldwide@cnbc@paul westgate. we have that atm at least a year ago when that was announced as well. >>> a group of major use tech companies are calling on president obama and congress to impose strict limits of surveillance. google, yahoo, facebook and twitter have written a letter. they're calling for an end to what they call mass collection of youth's information, e-mail, contact lists and others. we'll talk about this in the second hour. >>> seceberus capital is bringing in an investor for other sellers. they make the bushmaster weapon used in connecticut. they've been trying to sell the business for the last year. >>> take a short break. still to come. german elections. protests in the west. politics dominating 2013. the next one says it will be a bit risky. here to stay. >>> you're watching "worldwide exchange." i'm ross west gatd. your headlines, europe fails to build on asia. a weakening on the yen. >> announcer: you're watching "worldwide exchange" bringing you business news from around the globe. >>> hello. warm welcome to you. if you've jus
of all six. next up, i like pinnacle foods. this is a company whose brands like bird's-eye, mrs. paul's, hungryman, duncan hines, mrs. butterworth, they're found in 85% of american households. since then the stock has a 23% gain in the after market. i told you to buy this one ahead of the ipo, and then i reiterated, my trust put in a real nice gain. i still think there is a room for gain. they acquired neglected brands and turned them around. a la longtime cramer favorite b & g foods. they bought wishbone foods from unilever for $580 million. this company has a winning formula. what more can you ask for? fifth 2013 ipo still worth buying, no one is talking about this one -- volaris. this is an ultra low cost mexican airline. this is kind of like a mexican version of cramer fave spirit, symbol save. they came public in september, jumped 16.8% on the first day. since then the stock has barely budged, even thought oil has come down big. the company is growing like a weed and 43 planes, management plans to double that, adding another 49 over the next eight years. mexico is a lot like the
're hearing reports of progress in the budget negotiations between republican house member paul ryan and democratic senator patty murray. it's a small scale deal but what main zbool to replace the sequester spending cuts with other less painful savings in the budget. according to politico a compromise deal with set federal government spending at $1 trillion next year. they want to get a deal done by december 13th so congress can go home for the holidays without a potential government shutdown looming. larry. >> you're absolutely right. nobody has an appetite for a shutdown. i do pretty, we'll talk about this another time, i do pretty they will break the budget caps and break the sequester forever. that's my only concern. >> we'll have to see. >> you're dead right about the lack of a shutdown. a judge says detroit can go ahead with its chapter 9 bankruptcy filing. unions, already planning to appeal. nbc news john yang joins us now with all the details. good evening, john. >> reporter: good evening. the bankruptcy judge in detroit said detroit does meet the eligibility requirements und
, that's the real problem here, and what the president did was what paul ryan's budget actually called for. now the republicans are critical for it. >> right. just to end this thing, look -- >> you're with me on this, right, larry? >> i think your hypothesis is right. i don't think at the end of the day they are going to take the $700 billion out of medicare. that's number one. number two, to emily's point, a lot of that is coming out of medicare advantage, which is popular. so i think this is part of the financing mystery of how obama care is going to wind up being paid for. now, we don't have time -- >> it's going to wind up being paid for by the taxpayers. >> they may have to come back for more. that's another segment. i appreciate both of you making those points. steve mcmahan, emily miller, thank you. >>> this is the moment you have all been waiting for. it's the first ever "kudlow report" youth summit. holy cow. four young college students, four, count them, are about to join me on the set live. they will talk about why young people are turning on obama care and the president, or
murray, the democratic chair of the budget committee in the senate. paul ryan, the republican budget committee chair in the house. then the house and senate pass it before christmas. they leave next week actually for their christmas break. so they would end the year on a positive note. it would dramatically reduce the risk of a government shutdown in january and does not resolve our long-term budget issues. >> does it resolve the debt ceiling deadline which is some time in early february? would that be taken care of here? >> don't think it would be taken care of in this deal, but the fact that they would be making a deal, means it's much less likely that you would have a showdown over that. i think the odds of either a government shutdown or a debt limit brinks manship crisis would go down if they strikes this deal and pass it through both chambers. >> one of the possible impacts of the jobs report may very well be showing up already in the mortgage market. diana olick in washington to explain. >> well, tyler, rates today are about level with where they were yesterday, despite the be
with that is this has been a two-person negotiation. this has been patti murray and paul ryan. our democratic -- haven't been part of the discussion. so in terms of getting a sense of whether there's a deal brewing that can pass both houses, we don't have enough information at this point to know. all we know is they are moving closer and closer together. >> congressman, can you explain to us all exactly what is happening here and what is at stake? we've got $90 billion of automatic spending cuts that kick in next year and to do the deal over two years, they need to agree 180, maybe 200 billion of spending cuts to negate that. the information -- and you will know this better than i -- is that they are going for a much smaller deal, maybe 40 or 50 billion. congressman, if they do a 40 or 50 dollar bill, does that neutralize what is at stake? >> that is what's at stake and that's what i know patti murray and paul ryan are trying to do is basically negate the -- across the board cuts with the see zest ragz, which will be deaf state to go our military next year and it's already been devastating to many of
it today, but did you see patti moistuurray and paul ryan the way i look at it, they're on the football field, they brought the can out, and you know those things they set it in when they go to kick off? they've got it sitting there. >> it's not lucy with her finger on the ball, is it? >> you don't know. it could come as early as next week if it doesn't get messed up. >> that is a great headline. >> they're clearly kicking it past the next election. any open government for two years where we're actually have a budget is like nirvana for us now. it's like the promise land, government open for two years, no promises, doing nothing with intiethsmentes, nothing with tax reform, nothing with -- just paying for some, you know, trying to lessi inen the effect sequestration. >> look at the different points on the board. at this point in the game, we'll take that, right? >> and then the other thing that i just wanted to mention in following up on our conversations is what's going on in china? my man. my man. for the democratic party, i'm with biden. did you see, they send him over to china, boom
searches were north face and decker's ugg boots. timb the weather channel's paul walsh reported that colder than normal temps will continue. a 100% increase is projected in snowfall. the current winter storm cleon will hurt foot traffic generally. it is christmas. >> we're getting tweets from minnesota where they're expecting another foot of snow. >> but they're tough there, carl. they go out and shop any way. if they don't, maybe they shop from macy's online. it's christmas. >> thanks, court. meantime, chinese telecom reportedly no longer wants to stay in the u.s. market. in an interview with a french news site, the company says after years of accusations of cyber espionage, it will cut ties with the u.s. ironic it takes place as the vice president is on its way to beijing. >> i've got clarification on that, carl. talked to them this morning. they told me they're not pulling out of the u.s. market. but they're not investing in growth here because they feel like they're blocked. they're going to continue to serve customers, sell hand sets but they're not making any kind of big investment pu
in 1078 time. weather channel's paul walsh forecasts colder than normal temps will continue for the next couple of weeks. the snowstorm will hurt foot traffic temporarily but then again it is christmas. gifts have to be bought somehow. bill? >> somehow. they'll have to be delivered by drone. >> whatever it takes. >> what a concept. thank you, courtney. you know, one retail stock that's been on an incredible run no matter the weather has been tjx, parent of stores like tj maxx and marshall's. look at the chart so far this year with a gain of 47% as it enjoys this ride. will it stay red hot, no matter how cold it gets. you're ready? we're setting ourselves up with a stock brawl. >> stephanie saying she's not buying at these levels, but chad morgan continues to add to his positions. welcome to you both. stephanie, you not interested in tjx, why? >> no. just to be clear, we own it. we were buying this a couple years ago at $38 share. with 47% gain year to date, if you look at the valuation at 19 times forward estimate, that's well above five and ten-year historical average. >> you're not buy
. >> regardless, it seems as though we'll break a five-day losing stretch. coming up, former fed chair, paul volcker, new financial regulations bearing his naming. now regulators pushing a tougher rule that could hit bank executives pretty hard. that story coming up. tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-2550 we have intuitive platforms tdd#: 1-800-345-2550 to help you discover what's trending. tdd#: 1-800-345-2550 and seasoned market experts to help sharpen your instincts. tdd#: 1-800-345-2550 so you can take charge tdd#: 1-800-345-2550 of your trading. [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our m
the long-term problem. but we certainly don't want a shutdown at all. i know paul ryan. and i think chairman murray are really working together to try to stabilize the situation, come up with something. if we can get some long-term mandatory reforms in exchange for, you know, some sequester relief, maybe plus up some defense, i know people are highly concerned about readiness in our military. and you've got to do a little giving from that standpoint. you need some real structure reform to the long-term mandatory spending programs in order for that deal to work. >> it puts it out past the 2014 election. >> that's they're talking. let's hope nobody throws a poison pill in there. >> at this point, you're from wisconsin. i see wisconsin at best a middle of the road state. i think you kind of lean left. >> i'll call it a common sense state. the government ought to live within its means. >> really? >> i think so, yeah. >> but you do, i think of it as kind of a -- isn't madison, wisconsin? >> well, it has its pockets of interesting individuals, sure. >> but from what you can tell. from wha
and replace sequester cuts for the next two years. congressman paul ryan and senator patti murray are said to be considering a plan that would give release . new revenue in fee increases is likely. that's where they've been talking back and forth, if you want to bring more money in, can you do it through fees by calling it other things other than taxes? that's something some republicans have said they can deal with. >> we'll see. >>> president obama wants to sell the american people on the relaunch of his troubled health care program today. he'll be starting speaking at 2:30 eastern time today. >>> let's check on the markets in anticipation of this. it wasn't too auspicious of a start yesterday. and again this morning, not so great, either. a lot of -- in the last two weeks, we have heard the word bubble like 100 times. so i don't know whether that initially just gets people to sell it off. it doesn't mean we're going down 5% or 10%, but at least it's starting with a little bit of trepidation. we have eight street weeks of gains, it probably wouldn't be surprising to not go nine. but down
Search Results 0 to 15 of about 16